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VIX strikes 42
StevieJ
Posts: 20,174 Forumite
The VIX volatility index (identifying panic and fear) struck above 42 today, while this should not be taken in isolation history tells us that it is a strong contrarian indicator of a market bottom.
Then again!
The following article is worth a read.
http://www.marketoracle.co.uk/Article6308.html
Then again!
The following article is worth a read.
http://www.marketoracle.co.uk/Article6308.html
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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Comments
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VIX and VXN at 'scarey' levels.
Equity markets are reaching a Climactic Selling Capitulation
Big bounce coming up !!!!'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
VIX and VXN at 'scarey' levels.
Equity markets are reaching a Climactic Selling Capitulation
Big bounce coming up !!!!
As we speak, S&P up over 3% from being well down.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Dow move today from top to bottom = 5.7% highest move since 2002, now look at that Vix chart again, coincidence?
http://finance.yahoo.com/echarts?s=^VIX#chart5:symbol=^vix;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
VIX and VXN at 'scarey' levels.
Equity markets are reaching a Climactic Selling Capitulation
Big bounce coming up !!!!
WOW, some bounce.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Somewhat exacerbated by the change on Short sale rules, and the US plan for massive bailout, but Purch was spot on, bounce was dueWOW, some bounce.
LOL, forgot it was quad witching as well, these guys really know how to spin the market, just like the crude oil master stroke.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Hehe and now it strikes 74 VXN made 80Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Vapour rub, anyone ? 0
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